XJO s&p/asx 200
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German Beer Monday

  1. Jako8557
    15,136 Posts.
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    22/04/18
    20:52
    Post #: 32615743
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    Good Morning and Welcome to the XJO Monday thread


    The XJO pulled back a little, to close modestly lower on Friday.
    Spread reduced and volume was about average.
    The price action continues to suggest (bullish) absorption is likely to be taking place.
    There are a couple of breakdown lines overhead, I expect some increased supply will be drawn out if price challenges those levels.
    Any pullback would likely see an initial attempt to support the market around 5806
    220418 XJO.png

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    Good Trading and Investing




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    .
    Last edited by Jako8557: who ate a banana 22/04/18
    XJO Value at posting: 5,868.8
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    lightbulb Created with Sketch. 1  Great analysis
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9,019.3 		Change
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